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India becomes third largest producer of crude steel

According to a recent report published by World Steel Association (WSA), India has overtaken the US to become the world’s third-largest steel producer in 2017. India’s crude steel production has grown by 6.2% to 101.4 million tonnes (MT) in 2017 compared to 95.5 MT in the previous year.

China has remained world leader by producing 831.7 MT in 2017, up 5.7% from 786.9 MT in the year-ago period. Japan is second largest global steel producer and had witnessed negative growth in steel output declined by 0.1% to 104.7 MT in 2017 from 104.8 MT in 2016.

The Global steel production had reached 1,691.2 MT in 2017, up by 5.3% compared to 2016 when output was 1,606.3 MT. Crude steel production increased in all regions in 2017 except in CIS (Commonwealth of Independent States), which has remained stable.